American Realty Capital New York City REIT (NYCR) is to acquire the Laurel Commercial Condominiums located at 400 East 67th Street in the Upper East Side neighbourhood of Manhattan for USD76 million.
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Legal & General Property has sold the short leasehold interest in No28 Cavendish Square to its freeholder, Lancer, for a total consideration of GBP5.35 million, representing a net initial yield of 3.7 per cent.
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